Motorsport Games Inc. 8-K

What Happened
Motorsport Games Inc. filed an 8-K on April 2, 2026 (agreements dated March 27, 2026) announcing two executive hires: Stephen Hood will serve as Chief Executive Officer and Stanley Beckley will serve as Chief Financial Officer. Mr. Hood’s employment (with Motorsport Games Ltd) provides a base salary of £378,000 and a target annual bonus of 50% of base pay. Mr. Beckley’s agreement provides a $300,000 base salary and a target annual bonus equal to 25% of base pay. Both executives are eligible for equity awards under the company’s 2021 Equity Incentive Plan and are subject to customary benefits and restrictive covenants.

Key Details

• Hire dates / agreements: Employment agreements dated March 27, 2026; disclosed in 8-K filed April 2, 2026.
• CEO pay: Stephen Hood — £378,000 annual base; target bonus 50% of base; reporting to the Board.
• CFO pay and severance: Stanley Beckley — $300,000 annual base; target bonus 25% of base; if terminated other than for Cause or Disability, Beckley is entitled (subject to release) to six months’ base salary as severance.
• Notice, termination and protections: Hood’s agreement includes a 6‑month notice if he resigns and 18‑month notice if the company terminates (company may pay in lieu of notice). Beckley’s agreement provides for accelerated vesting of unvested equity if terminated for Good Reason or without Cause within 12 months after a Change in Control. Both agreements include non‑compete, non‑solicit and confidentiality restrictions with specified post‑employment durations.

Why It Matters
Leadership appointments are material because the CEO and CFO drive strategy, operations and investor communications. The disclosed base salaries, bonus targets and severance/notice terms show the company’s near‑term cash and equity compensation commitments and potential post‑termination payouts. Investors should note the change‑in‑control protection for the CFO (immediate vesting of unvested awards in certain circumstances) and the length of notice/severance provisions for potential financial exposure. The agreements also include typical restrictive covenants that may limit executives’ post‑employment activities.